Question 1

Is Picnic Point a nice place to live?

Accepted Answer

Picnic Point sits on a bend of the Georges River. It is a quiet, low density riverside suburb of mainly single-storey brick homes, small waterfront pockets and some newer infill, with streets lined by established trees. Daily life centres on the riverside reserves and parkland, with walking paths, picnic spots and boat access, while local shops, community facilities and bus and road links meet everyday needs.

Families make up the core of Picnic Point’s household mix. Couple families with children are the largest group at 55.6%, and together with couple families without children (30.6%) they account for 86.2% of all families. One-parent families represent 12.8% and other families 1.0%, so while couple households are dominant there is a notable presence of single-parent households.

The suburb is home to 6,413 people, with a median age of 39. Median total household income is $2,459 a week, which is roughly $127,900 a year.

Homes in Picnic Point are mostly owner-occupied: 40.9% are owned outright and 44.1% are owned with a mortgage, combining to 85.0% owner-occupied, while 14.9% of dwellings are rented.

Question 2

Is it expensive to live in Picnic Point?

Accepted Answer

Housing costs in Picnic Point look stretched against what local households earned at the last Census. The median house price of $1,687,500 works out to about 13.2 times a typical local annual household income at the last Census, a high multiple well above local incomes. Renting a house at around $1,000 a week would take roughly 40.7% of a typical local household's weekly income at the last Census, which is a large share. Whether that feels expensive will depend on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Picnic Point a good place to invest?

Accepted Answer

Over the past 12 months in Picnic Point, median house values rose a solid 8.0% while the rents those houses earn increased 5.3%.

Put simply, the figures show capital growth for houses over the year and a concurrent rise in rental income, with house values increasing faster than house rents. Whether that pattern suits your investment aims and personal circumstances is something only you can decide.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.69M	N/A
Change in value Past 12 months	8.0%	N/A
Sold Past 3 months	21	3
Median days on market Past 12 months	41	N/A
Average rent Past 12 months	$1000	N/A
Change in rent Past 12 months	5.3%	N/A

Get a property report and suburb profile for any property in Picnic Point

Picnic Point suburb profile

Picnic Point property market performance

5 year median price trend for houses and units

Picnic Point demographics

Suburbs near Picnic Point

How does Picnic Point compare to nearby suburbs?

Choose the right real estate agents in Picnic Point

Get a head start and compare top local agents in Picnic Point

Not quite ready to sell?

Suburb and property report

Digital estimate for your property

Navigate the market